VEGOILS-Market factors to watch August 23

By Reuters / January 01, 1970 / in.investing.com / Article Link

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

FUNDAMENTALS

* Malaysian palm oil futures edged lower on Tuesday evening after three straight sessions of gains, pressured by a stronger ringgit and weaker related edible oils. POI/

* U.S. corn futures fell about 2 percent on Wednesday and soybeans declined almost as much, pressured by strong yield prospects in the Midwest crop belt, traders said. GRA/

* Oil prices rose 3 percent on Wednesday, with Brent crude futures hitting a three-week high, after U.S. government data showed a larger-than-expected draw in crude inventories and as Washington's sanctions on Iran signaled tightening supplies. O/R

MARKET NEWS

* Key U.S. government debt yields slid to six-week lows on a flight to safety and the dollar slid further on Wednesday as investors weighed how a conviction and a guilty plea of former advisers will impact U.S. President Donald Trump. MKTS/GLOB

RELATED > EXCLUSIVE-Aramco listing plan halted, oil giant disbands advisors - sources > What Dr Copper ordered: Trade war gives China metal a shot in the arm > Chinese traders ditch cheap U.S. coal for domestic supply as tariffs loom > China's COFCO Meat imports pork from Chile, Europe as U.S. trade war bites > Wilmar scoops up rival Bunge's sugar trading operations > Flock on: Mongolia meat exporters turn to Iran's halal markets DATA/EVENTS > Cargo surveyor AmSpec releases Malaysia's Aug 1-25 palm oil export data on Aug 25. > Cargo surveyor SGS releases Malaysia's Aug 1-25 palm oil export data on Aug 25.

* For a table on Malaysian physical palm oil prices, including refined oil, Reuters Terminal users can double click on or type MYPALM/FLAT .

* To view freight rates from Peninsula Malaysia/Sumatra to China, India, Pakistan and Rotterdam, please key in OILS/ASIA2 and press enter, or double click between the brackets.

* Reuters Terminal users can see cash and futures edible oil prices by double clicking on the codes in the brackets: To go to the next page in the same chain, hit F12. To go back, hit F11.

Palm, soy and crude oil prices at 0043 GMT Contract

Month

Last

Change

Low

High

Volume MY PALM OIL

SEP8

0

+0.00

0

0

0 MY PALM OIL

OCT8

0

+0.00

0

0

0 MY PALM OIL

NOV8

0

+0.00

0

0

0 CHINA PALM OLEIN JAN9

4946

-14.00

4944

4986

143214 CHINA SOYOIL

JAN9

5860

-34.00

5856

5904

180328 CBOT SOY OIL

DEC8

28.54

+0.00

28.51

28.59

518 INDIA PALM OIL

AUG8

599.50

-2.00 599.10

603

275 INDIA SOYOIL

SEP8

739.45

-3.20 739.25

742.4

8770 NYMEX CRUDE

OCT8

67.93

+0.07

67.92

68.12

6713

Palm oil prices in Malaysian ringgit per tonne CBOT soy oil in U.S. cents per pound Dalian soy oil and RBD palm olein in Chinese yuan per tonne India soy oil in Indian rupee per 10 kg Crude in U.S. dollars per barrel

Vegetable oils

-- OILS/ASIA1 Malaysian palm oil exports

-- SGSPALM1

CBOT soyoil futures

-- 0#BO:

CBOT soybean futures

-- 0#S:

Indian solvent

-- SOLVENT01 Weekly Indian vegetable oils

-- OILS/IN

Dalian Commodity Exchange

-- DC/MENU

Dalian soyoil futures

-- 0#DBY:

Dalian refined palm oil futures -- 0#DCP:

Zhengzhou rapeseed oil

-- 0#COI:

European edible oil prices/trades -- OILS/E

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